DICGC increase the insurance coverage for depositors in all insured banks to ₹ 5 lakh

Pursuant to an announcement made by the Finance Minister Mrs.Nirmala Sitharaman in the Lokasabha while placing budget for the year 2020-21, the Deposit Insurance and Credit Guarantee Corporation (DICGC), a wholly-owned subsidiary of the Reserve Bank of India, has raised the limit of insurance cover for depositors in insured banks from the present level of…

Union Budget 2020: FM rejigs income tax slabs, some relief for real estate, rural and agriculture sectors

In the Union budget 2020-21, Finance Minister Nirmala Sitharaman rejigs in personal tax rates, sops to lift real estate, an extension of LTCG threshold and removal of dividend distribution tax and improvement in spending on infrastructure and reduction in GST  with respect of automobile. Individual tax slabs rejigged Those earning up to Rs 5 lakhs…